EURJPY tends to gain new positive momentum – Analysis – 28-1-2019

The EURJPY pair kept its stability above 123.50 support line, taking advantage of stochastic attempt to provide positive momentum, noticing the price move around 124.90 level, reminding you that the next correctional target is located at 125.60, followed by monitoring its behavior to detect the trend for the upcoming period.

In case the price rallied above 125.60 level, that will confirm the continuation of the positivity that will push the price to touch 126.18 level, followed by reaching the bearish channel’s resistance at 126.80.

Expected trading range for today is between 124.40 and 125.60

Expected trend for today: Bullish